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Corning Inc
(NYSE: GLW)
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18.80
+0.12
+0.64%
After Hours :
18.85
+0.05
+0.27%

Open

18.71

Previous Close

18.68

Volume (Avg)

5.12M (7.95M)

Day's Range

18.50-18.83

52Wk Range

16.22-22.37

Market Cap.

24.27B

Dividend Rate (Yield )

- (2.13%)

Beta

1.76

Shares Outstanding

1.29B

P/E Ratio (EPS)

20.16 (0.93)

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Financials
  • Income Statement
  • Balance Sheet
  • Cash Flow
Operating Income
1.37B
Operating Margin
17.53
Total Equity
-
Retained Earnings
-
Free Cashflow
-
Price/Cashflow
-
Company Profile

Sector

Technology

Industry

Electronic Components

Type

Cyclical

Style

Large Core

Corning Inc was incorporated in the State of New York in December 1936. The Company’s name was changed from Corning Glass Works to Corning Incorporated on April 28, 1989. The Company is a provider of high-performance glass for LCD te...morelevisions, computer monitors, and other information display applications; optical fiber and cable and hardware and equipment products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates in five reportable business segments: Display Technologies, Optical Com...moremunications, Environmental Technologies, Specialty Materials and Life Sciences. Display Technologies manufacture liquid crystal display glass for flat panel displays. Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. Environmental Technologies manufactures ceramic substrates and filters for automotive and diesel applications. Specialty Materials manufacture products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals to meet demand for customer needs. Life Sciences manufacture glass and plastic consumables for scientific applications. All other operating segments that do not meet the quantitative threshold for separate reporting have been grouped as 'All other.' This group includes development projects and new product lines, certain corporate investments, Samsung Corning Precision's non-LCD business, and Corning's Eurokera and Keraglass equity ventures with Saint Gobain Vitrage S.A. of France, which manufactures smooth cooktop glass/ceramic products in France, China, and South Carolina. Its production of specialty glasses, ceramics, and related materials requires energy, uninterrupted power sources, certain precious metals, and different batch materials. Many of Corning's manufacturing processes could be operated with natural gas, propane, oil or electricity, or a combination of these energy sources. The Company's trademarks include the following: Corning, Celcor, DuraTrap, Epic, Evolant, HPFS, Lanscape, Pyrex, ClearCurve, SMF-28e, and Gorilla. The Company faces competition from; Asahi Glass, Nippon Electric Glass, Avan Strate, Inc., NGK, Denso, CommScope, TE Connectivity, Panduit Corporation, Transitions Optical, Oerlikon, Hoya and Heraeus. The Company's manufacturing process generates chemical waste, waste water and other industrial waste and greenhouse gases at different stages in the manufacturing process, and it is subject to a variety of laws and regulations relating to the use, storage, discharge and disposal of such substances.lessless

Key People

Wendell P. Weeks

CEO/Chairman of the Board/Director/President

James B. Flaws

CFO/Director/Vice Chairman of the Board

Kirk P. Gregg

Executive VP/Chief Administrative Officer

Lawrence D. Mcrae

Executive VP, Divisional

Dr. David L. Morse

Chief Technology Officer/Executive VP

Incorporated

1936

Employees

-